Partners Andrew Lance and James Hallowell have provided insights to Law360 regarding the intricacies of religious real estate transactions in New York City. According to them, these transactions require more than just navigating regulatory reviews; they also necessitate a deep understanding of the missions and governance structures of the involved faith-based organizations.
The partners from Gibson Dunn highlighted that such deals are complex due to their unique nature, which combines legal, regulatory, and organizational elements specific to religious entities. Their experience in this field offers valuable perspectives on how these transactions can be effectively managed.